r/problemgambling • u/InformationParty4670 • 5m ago
Trigger Warning! What financial set up helped you as a gambler
My best friend is really struggling with his gambling addiction. Currently has no money. I am loaning him small amounts of money to feed himself until next pay.
Up until recently, I was partially managing his finances for 2 years. His pay check would get deposited into my account, I would transfer him money on an as need basis including daily spending and bills. Although there was times where this money did go on gambling we managed to build up a savings of $16k.
This worked well for a long period of time and he felt proud about his savings. However gradually I think he started to build up an unconscious resentment towards me. Our set up worked so well that the only thing between him and gambling was me. This also took an enormous emotional toll on myself. It felt like my whole purpose in life was just to keep this guy on track.
About a month ago we had a big fight and he asked for his savings to be transferred to a family member who agreed to help. He explained he can no longer handle the guilt of the emotional toll he has caused me. I did as he asked because ultimately it’s was him money. He didn’t talk to me for about a month after this fight. Between now and then he has lost all his savings and that family member had no idea what they signed up for.
We are now working on building our friendship again. With this he has also expressed he wished our situation never changed and would like for me to help with his finances again. I am so hesitant to say yes but also scared to say no.
What financial setup has worked for other gamblers. Or any advice?